Island Grove Retail/Restaurant Opportunity

21848 S County Road 325, Hawthorne, FL 32640

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For Sale

$499,000

Class A retail/restaurant space with high-end finishes and ample parking.

Type:Retail

Property size:

2,440 SF

Lot size:

1.59 Acres

Price / SF:

$204/SF

HighLights

Prime location in Island Grove, Hawthorne, Alachua County with excellent exposure on Highway 301.
Class A space with high‑end finishes throughout and a spacious, versatile layout.
2,440 sq ft interior space plus 2,352 sq ft of covered porches and outdoor areas.
Ample paved parking and scenic entrance off Hwy 301.
Fully‑equipped kitchen/break room, stylish counter/bar area, and large fireplace.
1.59‑acre site with well and septic system.

We can help!

Listing Contact

Sandon Wiechens

For Sale

$499,000

Class A retail/restaurant space with high-end finishes and ample parking.

Type:Retail

Property size:

2,440 SF

Lot size:

1.59 Acres

Price / SF:

$204/SF

Added:: Apr 9, 2024
Days on Market:: 791
Last Refresh:: May 13 at 8:31 pm

Property Features for 21848 S County Road 325

General Information

Standard status: Active
Size: 2,440 SF
Lot size: 1.59 Acres
Property subtype: Retail

Building Details

Year Built: 2015

We can help!

Listing Contact

Sandon Wiechens

Listing agent Sandon Wiechens License #BK614535

Listing office WIECHENS REALTY INC

Listing date Apr 9, 2024

Source Xome

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of WIECHENS REALTY INC

HighLights

Prime location in Island Grove, Hawthorne, Alachua County with excellent exposure on Highway 301.
Class A space with high‑end finishes throughout and a spacious, versatile layout.
2,440 sq ft interior space plus 2,352 sq ft of covered porches and outdoor areas.
Ample paved parking and scenic entrance off Hwy 301.
Fully‑equipped kitchen/break room, stylish counter/bar area, and large fireplace.
1.59‑acre site with well and septic system.

Overview

Located in Island Grove, Alachua County, this 2,440 square foot retail/restaurant space includes an additional 2,352 square feet of covered porches and expansive outdoor areas. The property is zoned BH, which allows for a wide range of uses in Alachua County. The interior features high-end finishes, a spacious open area, private offices, storage rooms, a fully-equipped kitchen/break room, and a stylish counter/bar area with services. A large fireplace creates an inviting atmosphere. Situated on a 1.59-acre site with a well and septic system, the property offers ample paved areas and parking, with a scenic entrance off Hwy 301 via S County Rd 25. The location provides excellent exposure along Highway 301 and convenient access to Ocala, Gainesville, Jacksonville, and other surrounding areas. This Class A space is designed to accommodate a variety of business ventures.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$41.0k	$16.80
− Vacancy	−$2.3k	−$0.92
EGI	$38.7k	$15.88
− OpEx	−$9.7k	−$3.97
NOI	$29.1k	$11.91

2,440 SF · lease $16.80/SF/yr · vacancy 5.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$415.0K

$363.2K – $484.2K (±1% cap)

NOI $29,053 @ 7.0% cap · market cap 5.82%

Second Best

Retail

$380.4K

$332.9K – $443.8K (±1% cap)

NOI $26,630 @ 7.0% cap · market cap 5.34%

Theoretical Best

Office A

$615.1K

$538.2K – $717.7K (±1% cap)

NOI $43,059 @ 7.0% cap · market cap 8.63%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Hawthorne
County: Alachua
State: Florida
Longitude: -82.11156
Latitude: 29.453728

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Island Grove Retail/Restaurant Opportunity

Class A retail/restaurant space with covered porches and outdoor areas.

21848 S County Rd 325, Hawthorne, FL 32640

View Details

For sale
Retail space
FL
Hawthorne
32640
21848 S County Road 325

What type of property is this?

Retail space - Class A retail/restaurant space with high-end finishes and ample parking.

Where is this retail space located?

The property is located at 21848 S County Road 325 Hawthorne, FL.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: Prime location in Island Grove, Hawthorne, Alachua County with excellent exposure on Highway 301.; **Class A space with high‑end finishes throughout and a spacious, versatile layout.**; 2,440 sq ft interior space plus 2,352 sq ft of covered porches and outdoor areas.